​The total volume of deposits (excluding interbank deposits) in the country’s banking sector increased by 620.74 million GEL compared to the end of December and constituted 58.96 billion GEL by the end of January 2025, the National Bank of Georgia (NBG) reported.

The YoY growth rate of deposits, excluding the exchange rate effect, was 12.64%. In January, the volume of term deposits increased by 998. 44 million GEL. Demand deposits decreased by 367.70 million GEL.

The larization ratio of total non-bank deposits constituted 7.14% by the end of January and decreased by 0.60 percentage points compared to the end of December 2024.

The market interest rate on term deposits constituted 7.14%. In particular, the market interest rate for national currency-denominated deposits was 9.81% and the market interest for foreign currency-denominated deposits was 2.78%.

The share of the US dollar in the total volume of foreign currency-denominated deposits equals 79. 84% and the share of the Euro equals 18. 87%.